Funding property acquisition and rehab, Kirkland offers competitive rates and efficient fund disbursement. 3 to 12 month terms.Up to 65% Loan to After Repair Value (ARV).
Kirkland Financial describing itself
Terms & qualification
Typical loan size
$200K – $5M
Typical term
3 mo – 12 mo
Interest rate
12%
Origination / points
2% to 4%
Minimum FICO
600
Lien position
1st
Prepayment penalty
no
Payment structure
Interest Only
Recourse
Always
Closing speed
10 days typical · 5 days fastest
Cross-collateral
Yes
Equity / JV capital
Yes
Income documentation
Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application
